GMR AIRPORTS LIMITED has informed the Exchange regarding Proceedings of the 29th Annual General Meeting of the Company held on September 29, 2025
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GMR Airports Limited held its 29th AGM on September 29, 2025 via video conferencing, chaired by Non-Executive Chairman Mr. G.M. Rao, and it concluded at 4:51 PM. Six business items were transacted, including adoption of the audited financial statements (including consolidated) for FY ended March 31, 2025, and the re-appointment of MD & CEO Grandhi Kiran Kumar and Non-Executive Director Srinivas Bommidala, both retiring by rotation. A Special Resolution was tabled to approve raising funds through equity shares and/or other eligible securities via Qualified Institutions Placement (QIP) and/or Foreign Currency Convertible Bonds (FCCBs). An Ordinary Resolution was also tabled to approve material related party transactions with subsidiary Delhi International Airport Limited (DIAL) for FY 2025-26, along with the appointment of M/s V. Sreedharan & Associates as Secretarial Auditor. E-voting was conducted remotely from September 25-28 and during the meeting, with the scrutinizer's report and final voting results still awaited and to be submitted to the exchanges separately.
The QIP/FCCB fund-raising approval (Special Resolution) is the most market-relevant item, as it could lead to equity dilution depending on the size and pricing of any future issue. Investors should await the voting results and the company's subsequent disclosures on fundraising plans and the DIAL related party transaction terms.